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Cloudflare Shares Soar 9% After Strong Q1 Earnings

5/11/2025

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Summary

Story summary

Cloudflare (NET) shares surged 9% following Q1 earnings, reporting revenue of $479.1 million, surpassing expectations.
The company landed its largest contract exceeding $100 million and forecasts Q2 revenue at $500.5 million.
Cloudflare aims for 25% revenue growth by 2025 and has enhanced its leadership team.
The firm is advancing AI initiatives through partnerships with OpenAI and Anthropic.

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Story summary

Cloudflare (NET) shares surged 9% following Q1 earnings, reporting revenue of $479.1 million, surpassing expectations.
The company landed its largest contract exceeding $100 million and forecasts Q2 revenue at $500.5 million.
Cloudflare aims for 25% revenue growth by 2025 and has enhanced its leadership team.
The firm is advancing AI initiatives through partnerships with OpenAI and Anthropic.